Median real estate prices in Lilihi-Kapalama are between $616,908 to $939,980, which is more expensive than 90.7 percent of the neighborhoods in Hawaii and 98.2 percent of the neighborhoods in the U.S. The average rental price in Lilihi-Kapalama is between $1170 to $1,427. Rents here are currently lower in price than 62.8% of Hawaii neighborhoods.
Liliha-Kapalam is an urban neighborhood located in Honolulu, Hawaii and primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the Lilihi-Kapalama are older, well-established, built between 1940 and 1969, with some later development between 1970 and 1999.
Real estate vacancies in Lilihi-Kapalama are 5.8 percent, which is lower than one will find in 70.8 percent of American neighborhoods. Demand for real estate in Lilihi-Kapalama is above average for the U.S., and may signal some demand for either price increases or new construction of residential homes.
For many reasons, Lilihi-Kapalama area is ideal neighborhoods for first-time home buyers in the state of Hawaii. Homes here are priced below median housing values in the state. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.
The neighborhoods working population is at 43.9 percent and is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.4 percent of the residents employed. Other residents here are employed in clerical, assistant and tech support occupations at 16.5 percent and 12.2 percent in government jobs, whether they are in local, state, or federal positions.
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